Tudor Investment Corporation

ITEM 5: FEES AND COMPENSATION

MANAGEMENT FEES AND PERFORMANCE-BASED ALLOCATIONS

Tudor is generally compensated for its services through the receipt of management fees and performance-based
allocations (see also Item 6, below). Additionally, for certain Tudor Hedge Funds as described in the relevant Offering
Materials, Tudor may receive a fee payment intended to reimburse Tudor for certain costs and expenses incurred (an
“Expense Pass Through”). Tudor may waive management fees, performance-based allocations or an Expense Pass
Through in certain instances that Tudor deems appropriate, in its sole and absolute discretion.

Tudor Hedge Funds

The investment advisory agreements entered into between Tudor and each Tudor Hedge Fund govern the
compensation to be paid to Tudor. Generally, Tudor Hedge Funds pay an asset-based management fee and are subject
to a performance allocation or fee (collectively referred to as “performance-based allocations”) based on fund
performance. The table below sets out the range of management fees and performance-based allocations for each of
the Tudor Hedge Funds. While management fees and performance-based allocations for each class or sub-class of
shares or interests in the Tudor Hedge Funds are generally not negotiated, Tudor has in the past created different
classes or sub-classes of shares or interests, which vary the management fees and performance-based allocations paid
by certain Tudor Hedge Fund Investors. Tudor Hedge Fund Investors that are or were related persons of Tudor may
not be required to pay management fees or make performance-based allocations.

                                                                        Annual                 Performance-Based
                     Tudor Hedge Fund                               Management Fee                 Allocation
    The Tudor BVI Global Fund L.P.                                   1.75%-2.25%                      25%
    The Tudor BVI Global Fund Ltd.
    Tudor Riverbend Crossing Partners L.P.                             0.75%-1.25%                   10%-15%
    Tudor Riverbend Crossing Partners Ltd.
    Xantium Partners Fund L.P.                                     1.0%; Expense Pass                 0%-10%
    Xantium Partners Fund Ltd.                                           Through
    TPIP Investments LLC1                                             Expense Pass                      25%
                                                                         Through
    Tudor Global Investment Fund US L.P. 1                            1.75%-2.25%                       25%
    Tudor Global Investment Fund LLC2
    Tudor Family Fund II LLC 2                                            0.5%                           2%
    Tudor Employee Investment Fund LLC 3                                   0%                            0%
    Vortex Street Fund L.P. 4                                          Expense Pass                      0%
    Vortex Street Fund Ltd.4                                             Through

Management fees and performance-based allocations for the Tudor Hedge Funds are calculated and approved by an
affiliate of Citco Fund Services (Curaçao) B.V. (with its affiliates, the “Administrator”) and verified by Tudor. Once
verified and approved, Tudor requests the appropriate payments or allocations be made from fund assets. Management
fees are payable monthly in arrears based on net assets before the deduction of management fees and performance
allocations, and performance-based allocations are allocated annually in arrears, subject to the recovery of prior losses,
as provided in the relevant Offering Materials. Performance-based allocations are based on increases in the net assets
of a fund or account due to performance, subject to the recovery of prior losses, and are calculated following the
deduction of management fees. In the event that a Tudor Fund (an “Investor Fund”) invests in another Tudor Fund
(an “Investee Fund”), Tudor will generally deduct from its management fee the amount of any operating expenses
(including any management and performance fees or allocations, if applicable) allocated by the Investee Fund to the
Investor Fund’s investment, unless otherwise disclosed in the Investor Fund’s Offering Materials.

Certain Tudor Hedge Funds are subject to an Expense Pass Through, whereby such Tudor Hedge Funds pay a fee,
directly or indirectly, to Tudor in an amount necessary to pay/reimburse Tudor for certain costs and expenses as more
fully described in the Offering Materials of the relevant Tudor Hedge Funds. The Expense Pass Through generally
covers all administrative and operating expenses incurred in connection with the applicable Tudor Hedge Funds,
including, without limitation, recruiting fees and related costs and expenses for hiring personnel, reasonable out-of-
pocket expenses incurred by Tudor, including, without limitation, travel expenses, consulting fees and reasonable
attorneys’ fees arising in connection with trading and marketing activities, and certain expenses relating to office
space, utilities, supplies, furniture, fixtures and equipment. The Expense Pass Through also pays/reimburses Tudor
for all portfolio-related compensation of Portfolio Managers and their team members as well as any applicable
management and support staff. Such compensation includes but is not limited to salary, bonuses (including sign-on
and other guaranteed bonuses), payroll taxes, insurance and benefits, severance payments and other compensation,
including such equivalents in foreign jurisdictions for Tudor’s affiliates, all as provided by Tudor in its sole discretion;
provided that certain of such compensation may be accounted for through an allocation or a fee (rather than as an
expense). Such compensation accrues regularly and will be payable whether or not the applicable Tudor Hedge Fund
...

ITEM 7: TYPES OF CLIENTS

Tudor’s Clients include the Tudor Hedge Funds and the Managed Accounts. Additionally, Tudor advises Proprietary
Accounts.

The Tudor Hedge Funds are privately-placed pooled investment vehicles exempt from registration under the
Investment Company Act of 1940 Act, as amended, typically pursuant to Section 3(c)(1) or Section 3(c)(7) of that
Act. Investors in these funds generally include high net worth individuals and related entities, sovereign entities,
pension funds, non-financial corporates, financial institutions, endowments and foundations, fund-of-fund vehicles,
family offices and proprietary capital from certain current and former Personnel and related entities. Managed
Account holders generally can include funds-of-funds, investment banks, asset management firms, financial
institutions, and/or certain clients thereof.

Tudor or the board of directors, as applicable, generally imposes an initial investment minimum to establish an
investment through a Tudor Fund or Managed Account, but may waive or change any such minimums in its discretion.
These minimums vary by Tudor Fund, as set forth in the applicable Offering Materials, but generally range from
$25,000 to $40 million. Initial investment minimums for Managed Accounts are generally higher and vary by account
type, investment type and/or investor type. Tudor also requires Investors to meet additional qualifications based on,
among other things, legal or regulatory requirements associated with the relevant Tudor Fund or Managed Account
or the investment strategies thereof.

Investors must consider whether a particular Tudor Fund or Managed Account is appropriate to their own
circumstances based on all relevant factors, including but not limited to the Investor’s own investment objectives,
ERISA considerations, liquidity requirements, tax situation and risk tolerance. Prospective investors are strongly
encouraged to undertake appropriate due diligence, including but not limited to a review of the relevant Offering
Materials and the additional details about Tudor’s investment strategies, methods of analysis and related risks of loss
in Item 8 of this brochure, before making an investment decision.